SEC Form 4 · accession 0001104659-15-055471

SCHOLASTIC CORP · SCHL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP, CAO & CFO

Period of report

Jul 30, 2015

Accepted (ET)

Aug 3, 2015 · 8:39 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000866729

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Jul 30, 2015	S	20,889	$43.095	D	25,274	D
Common Stock	Jul 31, 2015	M	12,217	$34.84	A	37,491	D
Common Stock^F2	Jul 31, 2015	S	12,217	$43.033	D	25,274	D
Common Stock	holding	—	—		—	25	I	By son, as custodian

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F3	$34.84	Jul 31, 2015	M	12,217	D	—	Dec 11, 2017	Common Stock	12,217	87,793	D

F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.00 to $43.18, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.00 to $43.14, inclusive. The reporting person undertakes to provide to Scholastic Corporation, any holder of Scholastic Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F3Employee stock options vest ratably over a four year period beginning with the first anniversary after the date of grant.